Latest dollar to naira exchange rate today, 17th November 2021 can be accessed below.
Below are compiled dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.
News Rain Nigeria reports that the dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week can be accessed by our readers.
Below are the dollar to naira exchange rate for each of the days during the week…
November 16 dollar to naira official market exchange rate: $1 dollar to naira =₦414.55…... Read More…
The US dollar crashed on Thursday, November 11, 2021 as Naira opened the day at ₦535 with a massive gain of ₦20 at the parallel market also known as the black market…..Read More…
Naira has risen massively as analysts anticipate devaluation at Investors Window.
Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.
Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.
While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.
This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.
In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,
Naira has weakened again days after gaining against dollar.
Nigeria’s official currency crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining “massively” last week.
Naira has gained massively with dollar crashing at black market.
The American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market.
The dollar has started in November on a free fall against Naira at the black market.
American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market.